Natural Gas, Technical Analysis – H1
The formation of an expanding “megaphone” (broadening wedge) pattern is being confirmed.
The formation of an expanding “megaphone” (broadening wedge) pattern is being confirmed. This suggests a possible update of the local high in the 2,950–2,960 area. However, such a formation does not guarantee a direct move toward the target and is not considered a reliable or high-quality trading pattern. Nevertheless, the current picture looks logically consistent.
Key Levels:
□ 2,960 — Local high / Upside target
□ 2,950 — Resistance zone
□ 2,880 — Range upper boundary
□ 2,830 — Range lower boundary
Primary Scenario:
Advance toward 2,960.
Alternative Scenario:
Sideways price fluctuations within the 2,830–2,880 range.
Analyst Commentary:
An additional catalyst for price growth is the objective factor of renewed escalation in the Middle East.
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.